Question: Please answer the question below, thanks! Exercise 11-13 Your answer is partially correct. Try again. On January 1, Wildhorse Co. had 91,500 shares of no-par
Exercise 11-13 Your answer is partially correct. Try again. On January 1, Wildhorse Co. had 91,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following occurred. Apr. 1 Issued 23,000 additional shares of common stock for $19 per share. June 15 De s Declared a cash dividend of $2 per share to stockholders of record on June 30. July 10 Paid the $2 cash dividend. Dec. 1 Issued 2,000 additional shares of common stock for $18 per share. Declared a cash dividend on outstanding shares of $3.00 per share to stockholders of record on December 31. (a) Prepare the entries, on each of the three dividend dates. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Common Stock Dividends Payable Dividends Payable Dec. 15 Il Common Stock Dividends Payable Click if you would like to Show Work for this question: Open Show Work
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
